{ "ticker": { "uuid": "d7a86242-873d-4c90-b043-bec0e89a118f", "symbol": "TPXG", "name": "Amundi Index Solutions - Amundi Japan Topix UCITS ETF-C JPY", "exchange": "LSE", "country": "GB", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 74.318, "architecture_energy": 40.534, "architecture_maturity": 57.208, "architecture_confidence": 83.337, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 29.95, "rotation_up": 39.23, "upward_expansion": 69.57, "deceleration": 94.22, "rotation_down": 28.35, "downward_expansion": 9.91 }, "activity_lines": [ 12559.533333, 12548.2, 12400.828571, 12226.311828 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 12956.0, "trend_reference": 12014.4, "distance_from_trend": 0.078373, "trend_direction": "Improving", "fair_value": 9822.282051, "distance_from_fair_value": 0.319042, "fair_value_direction": "Improving", "relative_strength": 2.7244, "relative_strength_direction": "Weakening", "price_momentum": 0.105178, "excess_performance": 0.053943, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078373, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04799, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.319042, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.040732, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.027244, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.018825, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.105178, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.534631, "read": "Supply-led" } ], "volume": { "latest": 10726, "relative_activity": 2.216688, "balance": 0.534631, "dry_up": 1.989253, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.025946, "annualized_volatility": 0.208303, "from_high_reference": -0.40424, "from_low_reference": 0.281757 }, "levels": { "trend_reference": 12014.4, "fair_value_reference": 9822.282051, "structural_low": 10976.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.01687, "positive_rate": 0.647059, "directional_follow_through": 0.647059, "median_excess_return": -0.005017, "regime_survival": 0.529412, "best_return": 0.074413, "worst_return": -0.082412, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.015144, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.005267, "regime_survival": 0.0, "best_return": 0.142106, "worst_return": -0.077717, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.058818, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.006474, "regime_survival": 0.166667, "best_return": 0.147269, "worst_return": -0.094678, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.017618, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.029, "regime_survival": 0.333333, "best_return": 0.110322, "worst_return": -0.096268, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-11-29", "tenure": "Established", "return": 0.003553, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2025-03-07", "tenure": "Established", "return": -0.014579, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.015291, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-02", "tenure": "Developing", "return": 0.110705, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.005858, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.028558, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-11-14", "tenure": "Established", "return": 0.164947, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2026-01-30", "tenure": "Developing", "return": 0.052844, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-20", "tenure": "Developing", "return": -0.051693, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.063552, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-08", "tenure": "New", "return": 0.005829, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.005856, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-07-24", "tenure": "Developing", "return": 0.007698, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.048559, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 7674.5, "volume": 0, "typical_volume": 2668.35, "trend": 7841.916667, "fair_value": 7644.067308, "relative_strength": 3.943918, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.975508, "energy": 4.30588, "activity_lines": [ 7897.366667, 7918.018182, 7929.119048, 7888.649462 ] }, { "date": "2023-08-25", "close": 7853.5, "volume": 270, "typical_volume": 2643.45, "trend": 7845.733333, "fair_value": 7650.548077, "relative_strength": 5.156059, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.861021, "energy": 14.148362, "activity_lines": [ 7864.366667, 7903.363636, 7925.421429, 7889.396774 ] }, { "date": "2023-09-01", "close": 8109.5, "volume": 174195, "typical_volume": 11353.2, "trend": 7854.2, "fair_value": 7658.641026, "relative_strength": 6.623486, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.285495, "energy": 17.560675, "activity_lines": [ 7924.866667, 7939.445455, 7944.992857, 7906.413978 ] }, { "date": "2023-09-08", "close": 8171.0, "volume": 1998, "typical_volume": 11453.1, "trend": 7865.0, "fair_value": 7664.621795, "relative_strength": 7.067276, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.147968, "energy": 27.054005, "activity_lines": [ 8010.3, 7981.845455, 7968.571429, 7926.852688 ] }, { "date": "2023-09-15", "close": 8398.5, "volume": 5629, "typical_volume": 11734.55, "trend": 7886.716667, "fair_value": 7671.807692, "relative_strength": 6.571023, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.638404, "energy": 72.108905, "activity_lines": [ 8159.1, 8062.072727, 8011.909524, 7961.272043 ] }, { "date": "2023-09-22", "close": 8350.5, "volume": 0, "typical_volume": 11655.05, "trend": 7910.633333, "fair_value": 7678.596154, "relative_strength": 6.292296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.418115, "energy": 78.949788, "activity_lines": [ 8262.133333, 8123.772727, 8047.142857, 7991.193548 ] }, { "date": "2023-09-29", "close": 8187.5, "volume": 12154, "typical_volume": 12251.75, "trend": 7923.116667, "fair_value": 7684.891026, "relative_strength": 5.201336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.61934, "energy": 74.374462, "activity_lines": [ 8265.766667, 8146.127273, 8063.792857, 8009.055914 ] }, { "date": "2023-10-06", "close": 7973.0, "volume": 86, "typical_volume": 12254.9, "trend": 7928.6, "fair_value": 7689.557692, "relative_strength": 3.97365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.741263, "energy": 55.166736, "activity_lines": [ 8175.633333, 8125.636364, 8058.738095, 8012.274194 ] }, { "date": "2023-10-13", "close": 8070.5, "volume": 91145, "typical_volume": 16679.9, "trend": 7946.366667, "fair_value": 7695.003205, "relative_strength": 3.737329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.952544, "energy": 26.488434, "activity_lines": [ 8127.1, 8126.563636, 8062.990476, 8021.429032 ] }, { "date": "2023-10-20", "close": 7890.5, "volume": 16161, "typical_volume": 17484.65, "trend": 7954.566667, "fair_value": 7699.503205, "relative_strength": 4.039181, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.998243, "energy": 15.771183, "activity_lines": [ 8025.266667, 8093.190909, 8049.611905, 8017.824731 ] }, { "date": "2023-10-27", "close": 7875.0, "volume": 15794, "typical_volume": 18265.8, "trend": 7957.533333, "fair_value": 7704.400641, "relative_strength": 5.247922, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.61762, "energy": 23.313354, "activity_lines": [ 7952.133333, 8058.118182, 8035.630952, 8012.691398 ] }, { "date": "2023-11-03", "close": 8259.0, "volume": 41376, "typical_volume": 19491.1, "trend": 7978.833333, "fair_value": 7710.00641, "relative_strength": 8.253439, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.896125, "energy": 22.385036, "activity_lines": [ 8038.7, 8089.218182, 8059.247619, 8032.14086 ] }, { "date": "2023-11-10", "close": 8105.0, "volume": 362, "typical_volume": 19492.45, "trend": 7991.633333, "fair_value": 7713.74359, "relative_strength": 6.911228, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.547738, "energy": 14.450334, "activity_lines": [ 8069.166667, 8084.945455, 8067.364286, 8040.280645 ] }, { "date": "2023-11-17", "close": 8213.0, "volume": 3205, "typical_volume": 19652.7, "trend": 8006.383333, "fair_value": 7717.548077, "relative_strength": 6.081362, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.013899, "energy": 28.493053, "activity_lines": [ 8126.833333, 8100.390909, 8084.514286, 8054.562366 ] }, { "date": "2023-11-24", "close": 8144.5, "volume": 59, "typical_volume": 19644.7, "trend": 8022.65, "fair_value": 7719.727564, "relative_strength": 5.264768, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.64428, "energy": 33.1001, "activity_lines": [ 8152.166667, 8102.618182, 8094.014286, 8063.473118 ] }, { "date": "2023-12-01", "close": 8162.0, "volume": 0, "typical_volume": 19622.7, "trend": 8037.783333, "fair_value": 7722.826923, "relative_strength": 4.706735, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.10268, "energy": 40.291263, "activity_lines": [ 8166.4, 8112.645455, 8103.82381, 8072.463441 ] }, { "date": "2023-12-08", "close": 8226.0, "volume": 0, "typical_volume": 19594.8, "trend": 8048.0, "fair_value": 7725.464744, "relative_strength": 4.97146, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.614085, "energy": 47.779533, "activity_lines": [ 8182.833333, 8137.736364, 8118.083333, 8084.606452 ] }, { "date": "2023-12-15", "close": 8224.5, "volume": 0, "typical_volume": 18133.7, "trend": 8056.233333, "fair_value": 7728.253205, "relative_strength": 4.475051, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.144716, "energy": 45.62565, "activity_lines": [ 8200.966667, 8161.854545, 8131.009524, 8095.993548 ] }, { "date": "2023-12-22", "close": 8293.5, "volume": 0, "typical_volume": 18133.2, "trend": 8067.083333, "fair_value": 7732.467949, "relative_strength": 3.532932, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.511973, "energy": 51.764804, "activity_lines": [ 8234.133333, 8193.945455, 8150.27619, 8111.301075 ] }, { "date": "2023-12-29", "close": 8434.0, "volume": 0, "typical_volume": 18121.7, "trend": 8079.083333, "fair_value": 7736.605769, "relative_strength": 4.621031, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.868683, "energy": 68.481199, "activity_lines": [ 8308.766667, 8247.527273, 8181.45, 8134.973118 ] }, { "date": "2024-01-05", "close": 8395.5, "volume": 24140, "typical_volume": 19328.7, "trend": 8089.25, "fair_value": 7739.227564, "relative_strength": 4.480283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.473342, "energy": 73.821418, "activity_lines": [ 8351.266667, 8284.227273, 8206.661905, 8155.387097 ] }, { "date": "2024-01-12", "close": 8679.0, "volume": 0, "typical_volume": 19315.2, "trend": 8109.083333, "fair_value": 7744.022436, "relative_strength": 8.583387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.516023, "energy": 89.999998, "activity_lines": [ 8472.7, 8363.009091, 8255.440476, 8193.435484 ] }, { "date": "2024-01-19", "close": 8578.0, "volume": 15023, "typical_volume": 11356.6, "trend": 8133.616667, "fair_value": 7748.429487, "relative_strength": 9.321897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.083273, "energy": 85.447525, "activity_lines": [ 8530.266667, 8415.790909, 8290.669048, 8223.688172 ] }, { "date": "2024-01-26", "close": 8575.5, "volume": 0, "typical_volume": 11256.7, "trend": 8153.583333, "fair_value": 7754.227564, "relative_strength": 6.564209, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.549085, "energy": 82.235654, "activity_lines": [ 8563.433333, 8459.518182, 8323.428571, 8252.196774 ] }, { "date": "2024-02-02", "close": 8713.5, "volume": 0, "typical_volume": 10975.25, "trend": 8182.05, "fair_value": 7759.278846, "relative_strength": 8.261383, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.881564, "energy": 91.883706, "activity_lines": [ 8623.8, 8521.745455, 8367.404762, 8288.32043 ] }, { "date": "2024-02-09", "close": 8688.0, "volume": 1029, "typical_volume": 11026.7, "trend": 8211.1, "fair_value": 7763.157051, "relative_strength": 8.25706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.51683, "energy": 87.517741, "activity_lines": [ 8657.033333, 8568.990909, 8407.452381, 8320.962366 ] }, { "date": "2024-02-16", "close": 8887.0, "volume": 0, "typical_volume": 10419.0, "trend": 8241.466667, "fair_value": 7769.153846, "relative_strength": 8.376331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.424579, "energy": 93.830836, "activity_lines": [ 8737.1, 8642.854545, 8464.845238, 8364.568817 ] }, { "date": "2024-02-23", "close": 9004.0, "volume": 19024, "typical_volume": 11365.9, "trend": 8269.066667, "fair_value": 7777.599359, "relative_strength": 9.484902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.592522, "energy": 95.903395, "activity_lines": [ 8842.3, 8725.972727, 8530.05, 8413.764516 ] }, { "date": "2024-03-01", "close": 9153.0, "volume": 0, "typical_volume": 6808.65, "trend": 8308.033333, "fair_value": 7787.24359, "relative_strength": 11.22401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.642532, "energy": 96.368244, "activity_lines": [ 8968.766667, 8822.009091, 8604.535714, 8470.792473 ] }, { "date": "2024-03-08", "close": 9184.0, "volume": 14419, "typical_volume": 6721.55, "trend": 8349.1, "fair_value": 7796.294872, "relative_strength": 11.549903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.882907, "energy": 94.747488, "activity_lines": [ 9067.066667, 8908.054545, 8676.819048, 8527.306452 ] }, { "date": "2024-03-15", "close": 9037.0, "volume": 245, "typical_volume": 5944.1, "trend": 8394.516667, "fair_value": 7802.657051, "relative_strength": 8.527205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.28249, "energy": 83.905683, "activity_lines": [ 9085.0, 8953.736364, 8728.942857, 8571.687097 ] }, { "date": "2024-03-22", "close": 9415.0, "volume": 18212, "typical_volume": 4785.9, "trend": 8446.566667, "fair_value": 7811.833333, "relative_strength": 9.861881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.481254, "energy": 80.775817, "activity_lines": [ 9205.666667, 9056.481818, 8811.533333, 8637.524731 ] }, { "date": "2024-03-29", "close": 9332.0, "volume": 35572, "typical_volume": 6546.4, "trend": 8487.316667, "fair_value": 7821.294872, "relative_strength": 8.300885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.190998, "energy": 70.914266, "activity_lines": [ 9263.466667, 9130.754545, 8880.714286, 8694.649462 ] }, { "date": "2024-04-05", "close": 9179.0, "volume": 0, "typical_volume": 6386.15, "trend": 8520.916667, "fair_value": 7829.048077, "relative_strength": 6.74934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.051028, "energy": 65.743687, "activity_lines": [ 9248.4, 9163.5, 8929.480952, 8739.274194 ] }, { "date": "2024-04-12", "close": 9253.0, "volume": 0, "typical_volume": 6383.2, "trend": 8549.4, "fair_value": 7837.352564, "relative_strength": 6.142693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.93668, "energy": 65.791552, "activity_lines": [ 9256.266667, 9198.727273, 8980.695238, 8786.505376 ] }, { "date": "2024-04-19", "close": 8949.0, "volume": 5782, "typical_volume": 6672.3, "trend": 8569.35, "fair_value": 7844.461538, "relative_strength": 3.6746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.839716, "energy": 52.39665, "activity_lines": [ 9158.2, 9168.872727, 8997.678571, 8812.286022 ] }, { "date": "2024-04-26", "close": 8929.0, "volume": 21915, "typical_volume": 7768.05, "trend": 8594.066667, "fair_value": 7852.423077, "relative_strength": 0.124668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.063183, "energy": 32.962233, "activity_lines": [ 9059.333333, 9130.636364, 9009.009524, 8835.489247 ] }, { "date": "2024-05-03", "close": 9110.0, "volume": 141787, "typical_volume": 14857.4, "trend": 8631.966667, "fair_value": 7860.974359, "relative_strength": 1.028053, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.065924, "energy": 26.520828, "activity_lines": [ 9053.2, 9124.545455, 9034.230952, 8868.775269 ] }, { "date": "2024-05-10", "close": 9034.5, "volume": 153, "typical_volume": 14865.05, "trend": 8664.1, "fair_value": 7870.974359, "relative_strength": -2.511632, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.841377, "energy": 27.909447, "activity_lines": [ 9036.7, 9102.8, 9048.045238, 8894.745161 ] }, { "date": "2024-05-17", "close": 8955.5, "volume": 1501, "typical_volume": 14940.1, "trend": 8699.6, "fair_value": 7880.134615, "relative_strength": -3.26862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.387936, "energy": 23.402775, "activity_lines": [ 9003.5, 9068.845455, 9050.807143, 8913.545161 ] }, { "date": "2024-05-24", "close": 8880.0, "volume": 23, "typical_volume": 13734.25, "trend": 8733.1, "fair_value": 7888.253205, "relative_strength": -2.938748, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.898936, "energy": 12.877842, "activity_lines": [ 8964.966667, 9025.318182, 9043.895238, 8925.183871 ] }, { "date": "2024-05-31", "close": 8934.0, "volume": 12, "typical_volume": 13734.85, "trend": 8755.6, "fair_value": 7896.102564, "relative_strength": -1.881834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.592947, "energy": 15.556889, "activity_lines": [ 8949.033333, 8994.463636, 9039.819048, 8938.145161 ] }, { "date": "2024-06-07", "close": 8961.5, "volume": 86, "typical_volume": 12988.0, "trend": 8784.15, "fair_value": 7904.128205, "relative_strength": -1.251091, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.938669, "energy": 15.552841, "activity_lines": [ 8941.933333, 8977.354545, 9037.147619, 8951.429032 ] }, { "date": "2024-06-14", "close": 8845.5, "volume": 10, "typical_volume": 12988.5, "trend": 8805.233333, "fair_value": 7911.458333, "relative_strength": -1.399104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.137372, "energy": 16.878657, "activity_lines": [ 8906.066667, 8945.890909, 9021.602381, 8955.387097 ] }, { "date": "2024-06-21", "close": 8738.0, "volume": 215, "typical_volume": 12999.25, "trend": 8825.016667, "fair_value": 7917.61859, "relative_strength": -3.687504, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -19.108312, "energy": 39.471462, "activity_lines": [ 8846.966667, 8900.945455, 8994.533333, 8951.049462 ] }, { "date": "2024-06-28", "close": 9023.0, "volume": 115300, "typical_volume": 18712.8, "trend": 8853.716667, "fair_value": 7925.753205, "relative_strength": 0.269678, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 7.544701, "energy": 16.231252, "activity_lines": [ 8897.366667, 8917.181818, 8994.490476, 8963.822581 ] }, { "date": "2024-07-05", "close": 9058.0, "volume": 32986, "typical_volume": 20362.1, "trend": 8881.45, "fair_value": 7933.916667, "relative_strength": 0.133476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.165988, "energy": 15.741912, "activity_lines": [ 8949.9, 8938.436364, 8996.185714, 8977.002151 ] }, { "date": "2024-07-12", "close": 9151.0, "volume": 172, "typical_volume": 19419.5, "trend": 8912.333333, "fair_value": 7942.907051, "relative_strength": 0.46027, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.897436, "energy": 27.739904, "activity_lines": [ 9025.166667, 8974.254545, 9005.92381, 8994.392473 ] }, { "date": "2024-07-19", "close": 9049.0, "volume": 1407, "typical_volume": 19489.85, "trend": 8937.516667, "fair_value": 7950.865385, "relative_strength": 0.404133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.130657, "energy": 32.937678, "activity_lines": [ 9053.8, 8990.781818, 9005.247619, 9003.209677 ] }, { "date": "2024-07-26", "close": 8921.0, "volume": 634, "typical_volume": 18800.6, "trend": 8953.75, "fair_value": 7958.974359, "relative_strength": -2.59298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.717193, "energy": 18.895277, "activity_lines": [ 9026.2, 8983.772727, 8992.87619, 9002.144086 ] }, { "date": "2024-08-02", "close": 8402.0, "volume": 19254, "typical_volume": 19751.05, "trend": 8953.966667, "fair_value": 7963.301282, "relative_strength": -6.969391, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -48.415608, "energy": 47.448708, "activity_lines": [ 8813.4, 8883.027273, 8932.328571, 8966.547312 ] }, { "date": "2024-08-09", "close": 8539.5, "volume": 13085, "typical_volume": 19494.7, "trend": 8949.316667, "fair_value": 7967.814103, "relative_strength": -5.351769, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.275452, "energy": 65.92149, "activity_lines": [ 8687.833333, 8815.972727, 8887.9, 8939.807527 ] }, { "date": "2024-08-16", "close": 8975.0, "volume": 1865, "typical_volume": 17809.35, "trend": 8962.55, "fair_value": 7976.019231, "relative_strength": -2.279259, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.800563, "energy": 48.14389, "activity_lines": [ 8742.0, 8835.272727, 8889.116667, 8941.464516 ] }, { "date": "2024-08-23", "close": 9071.5, "volume": 37591, "typical_volume": 19688.9, "trend": 8979.083333, "fair_value": 7984.028846, "relative_strength": -1.455885, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.783408, "energy": 31.442835, "activity_lines": [ 8840.066667, 8871.872727, 8901.22381, 8948.493548 ] }, { "date": "2024-08-30", "close": 9147.5, "volume": 36049, "typical_volume": 21491.35, "trend": 8993.55, "fair_value": 7990.413462, "relative_strength": -1.218855, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.112368, "energy": 9.377583, "activity_lines": [ 8961.966667, 8918.181818, 8921.080952, 8959.35914 ] }, { "date": "2024-09-06", "close": 8737.5, "volume": 5236, "typical_volume": 21464.05, "trend": 8995.2, "fair_value": 7992.798077, "relative_strength": -3.354826, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.034944, "energy": 21.783463, "activity_lines": [ 8932.1, 8882.5, 8902.392857, 8942.839785 ] }, { "date": "2024-09-13", "close": 8982.5, "volume": 46, "typical_volume": 20370.6, "trend": 8998.383333, "fair_value": 7996.278846, "relative_strength": -1.739212, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.013012, "energy": 15.676606, "activity_lines": [ 8961.533333, 8896.554545, 8908.045238, 8942.02043 ] }, { "date": "2024-09-20", "close": 9004.0, "volume": 145, "typical_volume": 13288.5, "trend": 8998.383333, "fair_value": 8000.150641, "relative_strength": -1.000774, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.124328, "energy": 8.278498, "activity_lines": [ 8968.6, 8915.890909, 8915.490476, 8942.382796 ] }, { "date": "2024-09-27", "close": 9042.5, "volume": 1742, "typical_volume": 13367.95, "trend": 8994.7, "fair_value": 8006.089744, "relative_strength": -1.680503, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.106194, "energy": 6.354582, "activity_lines": [ 8986.566667, 8944.9, 8927.107143, 8945.229032 ] }, { "date": "2024-10-04", "close": 9193.5, "volume": 20, "typical_volume": 13293.9, "trend": 8995.016667, "fair_value": 8014.320513, "relative_strength": 0.365566, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.157865, "energy": 24.03998, "activity_lines": [ 9056.8, 9001.481818, 8953.066667, 8958.054839 ] }, { "date": "2024-10-11", "close": 9117.5, "volume": 369, "typical_volume": 13311.2, "trend": 8997.7, "fair_value": 8021.791667, "relative_strength": -0.213792, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.459885, "energy": 29.947105, "activity_lines": [ 9098.633333, 9039.290909, 8970.654762, 8965.956989 ] }, { "date": "2024-10-18", "close": 9017.5, "volume": 491, "typical_volume": 13335.15, "trend": 8984.45, "fair_value": 8029.189103, "relative_strength": -2.565124, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.50553, "energy": 27.797051, "activity_lines": [ 9081.8, 9045.909091, 8977.588095, 8967.234409 ] }, { "date": "2024-10-25", "close": 8695.5, "volume": 3143, "typical_volume": 13488.0, "trend": 8963.233333, "fair_value": 8034.413462, "relative_strength": -4.754288, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.368367, "energy": 5.903653, "activity_lines": [ 8955.3, 8985.290909, 8953.457143, 8948.592473 ] }, { "date": "2024-11-01", "close": 8838.5, "volume": 8825, "typical_volume": 13928.75, "trend": 8951.883333, "fair_value": 8038.391026, "relative_strength": -2.284999, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.976099, "energy": 11.05688, "activity_lines": [ 8897.033333, 8955.754545, 8944.211905, 8940.545161 ] }, { "date": "2024-11-08", "close": 8995.0, "volume": 488, "typical_volume": 13942.4, "trend": 8943.283333, "fair_value": 8043.38141, "relative_strength": 0.713218, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.075235, "energy": 15.623968, "activity_lines": [ 8904.533333, 8958.909091, 8949.904762, 8943.326882 ] }, { "date": "2024-11-15", "close": 8954.5, "volume": 335, "typical_volume": 8194.15, "trend": 8943.466667, "fair_value": 8048.477564, "relative_strength": 0.341186, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.343287, "energy": 14.302925, "activity_lines": [ 8911.766667, 8957.472727, 8950.516667, 8944.050538 ] }, { "date": "2024-11-22", "close": 9117.5, "volume": 2640, "typical_volume": 6676.85, "trend": 8949.75, "fair_value": 8056.371795, "relative_strength": -0.314422, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.154231, "energy": 23.62755, "activity_lines": [ 8984.2, 8981.727273, 8966.978571, 8955.278495 ] }, { "date": "2024-11-29", "close": 9180.0, "volume": 50213, "typical_volume": 9178.9, "trend": 8952.083333, "fair_value": 8064.137821, "relative_strength": 0.02253, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.605202, "energy": 47.769265, "activity_lines": [ 9070.8, 9014.890909, 8989.109524, 8970.133333 ] }, { "date": "2024-12-06", "close": 9363.0, "volume": 7536, "typical_volume": 9485.35, "trend": 8963.033333, "fair_value": 8072.112179, "relative_strength": 1.687786, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.50435, "energy": 72.375485, "activity_lines": [ 9186.1, 9078.127273, 9028.530952, 8996.644086 ] }, { "date": "2024-12-13", "close": 9235.0, "volume": 9040, "typical_volume": 9905.65, "trend": 8972.35, "fair_value": 8079.38141, "relative_strength": 0.350784, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.398848, "energy": 72.437598, "activity_lines": [ 9223.766667, 9112.263636, 9054.266667, 9014.190323 ] }, { "date": "2024-12-20", "close": 9029.0, "volume": 2301, "typical_volume": 9058.0, "trend": 8977.316667, "fair_value": 8086.362179, "relative_strength": 0.661214, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.392536, "energy": 63.652161, "activity_lines": [ 9176.766667, 9108.190909, 9058.888095, 9017.845161 ] }, { "date": "2024-12-27", "close": 9176.5, "volume": 0, "typical_volume": 8403.75, "trend": 8985.4, "fair_value": 8094.721154, "relative_strength": 1.425022, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.491021, "energy": 53.059518, "activity_lines": [ 9173.966667, 9132.545455, 9074.571429, 9030.695699 ] }, { "date": "2025-01-03", "close": 9218.0, "volume": 2100, "typical_volume": 8415.5, "trend": 8993.95, "fair_value": 8104.003205, "relative_strength": 0.913663, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.36592, "energy": 35.740888, "activity_lines": [ 9181.066667, 9161.554545, 9091.17381, 9045.702151 ] }, { "date": "2025-01-10", "close": 9114.5, "volume": 44638, "typical_volume": 8767.85, "trend": 9002.916667, "fair_value": 8112.439103, "relative_strength": -0.458456, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.06308, "energy": 22.3579, "activity_lines": [ 9151.133333, 9162.245455, 9096.761905, 9053.47957 ] }, { "date": "2025-01-17", "close": 9262.0, "volume": 5430, "typical_volume": 7236.9, "trend": 9020.383333, "fair_value": 8122.596154, "relative_strength": -1.797431, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.147446, "energy": 35.8609, "activity_lines": [ 9186.933333, 9184.736364, 9116.192857, 9070.194624 ] }, { "date": "2025-01-24", "close": 9332.5, "volume": 3099, "typical_volume": 7130.05, "trend": 9030.7, "fair_value": 8135.041667, "relative_strength": -0.973499, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.343733, "energy": 52.824421, "activity_lines": [ 9244.433333, 9215.190909, 9141.792857, 9090.331183 ] }, { "date": "2025-01-31", "close": 9450.5, "volume": 2452, "typical_volume": 7250.35, "trend": 9043.783333, "fair_value": 8147.349359, "relative_strength": -1.611939, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.853552, "energy": 70.33967, "activity_lines": [ 9321.033333, 9260.227273, 9175.797619, 9117.415054 ] }, { "date": "2025-02-07", "close": 9445.5, "volume": 12586, "typical_volume": 7872.4, "trend": 9053.6, "fair_value": 8159.352564, "relative_strength": -1.858404, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.639062, "energy": 76.591184, "activity_lines": [ 9377.7, 9298.3, 9207.097619, 9143.332258 ] }, { "date": "2025-02-14", "close": 9367.0, "volume": 859, "typical_volume": 7828.25, "trend": 9064.2, "fair_value": 8171.323718, "relative_strength": -2.89607, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.084484, "energy": 70.64574, "activity_lines": [ 9393.033333, 9317.272727, 9228.819048, 9163.551613 ] }, { "date": "2025-02-21", "close": 9359.5, "volume": 0, "typical_volume": 7827.25, "trend": 9078.816667, "fair_value": 8182.980769, "relative_strength": -2.005407, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.02925, "energy": 59.807876, "activity_lines": [ 9389.033333, 9334.809091, 9248.280952, 9182.603226 ] }, { "date": "2025-02-28", "close": 9292.0, "volume": 1464, "typical_volume": 7882.0, "trend": 9108.483333, "fair_value": 8194.996795, "relative_strength": -4.143533, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.937302, "energy": 39.985138, "activity_lines": [ 9356.033333, 9337.809091, 9260.52381, 9196.356989 ] }, { "date": "2025-03-07", "close": 9226.5, "volume": 5849, "typical_volume": 8149.9, "trend": 9131.383333, "fair_value": 8207.625, "relative_strength": -3.165678, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.241747, "energy": 23.783863, "activity_lines": [ 9303.9, 9324.118182, 9265.697619, 9203.970968 ] }, { "date": "2025-03-14", "close": 9319.0, "volume": 2381, "typical_volume": 8111.8, "trend": 9142.85, "fair_value": 8218.910256, "relative_strength": -1.500374, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.292099, "energy": 19.058247, "activity_lines": [ 9297.533333, 9326.336364, 9278.685714, 9216.075269 ] }, { "date": "2025-03-21", "close": 9452.0, "volume": 8381, "typical_volume": 8089.6, "trend": 9155.533333, "fair_value": 8230.929487, "relative_strength": -0.09734, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.338564, "energy": 28.428588, "activity_lines": [ 9343.933333, 9350.9, 9301.371429, 9236.02043 ] }, { "date": "2025-03-28", "close": 9176.5, "volume": 2421, "typical_volume": 8186.25, "trend": 9156.5, "fair_value": 8241.544872, "relative_strength": -2.950877, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.414652, "energy": 12.508323, "activity_lines": [ 9292.833333, 9319.236364, 9294.897619, 9237.373118 ] }, { "date": "2025-04-04", "close": 8346.5, "volume": 4438, "typical_volume": 8391.4, "trend": 9143.466667, "fair_value": 8248.198718, "relative_strength": -4.903167, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -48.130249, "energy": 53.738133, "activity_lines": [ 8977.266667, 9138.218182, 9208.511905, 9185.115054 ] }, { "date": "2025-04-11", "close": 8551.0, "volume": 19429, "typical_volume": 9230.85, "trend": 9129.083333, "fair_value": 8256.967949, "relative_strength": -1.316837, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.862062, "energy": 64.394566, "activity_lines": [ 8792.9, 9012.309091, 9144.497619, 9146.891398 ] }, { "date": "2025-04-18", "close": 8907.5, "volume": 2209, "typical_volume": 6830.65, "trend": 9125.866667, "fair_value": 8268.432692, "relative_strength": -0.97214, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.083789, "energy": 58.88155, "activity_lines": [ 8772.4, 8967.572727, 9117.133333, 9132.595699 ] }, { "date": "2025-04-25", "close": 9082.0, "volume": 18298, "typical_volume": 7368.75, "trend": 9127.183333, "fair_value": 8279.599359, "relative_strength": -0.675935, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.280062, "energy": 54.035873, "activity_lines": [ 8837.5, 8964.345455, 9107.685714, 9129.765591 ] }, { "date": "2025-05-02", "close": 9270.5, "volume": 225, "typical_volume": 6928.0, "trend": 9129.75, "fair_value": 8291.961538, "relative_strength": -0.696308, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.823208, "energy": 14.757331, "activity_lines": [ 8990.1, 9000.572727, 9117.528571, 9139.011828 ] }, { "date": "2025-05-09", "close": 9303.5, "volume": 4632, "typical_volume": 7044.55, "trend": 9135.95, "fair_value": 8304.426282, "relative_strength": 0.112913, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.636114, "energy": 17.137011, "activity_lines": [ 9147.433333, 9044.418182, 9130.345238, 9150.221505 ] }, { "date": "2025-05-16", "close": 9358.0, "volume": 3624, "typical_volume": 7225.75, "trend": 9147.3, "fair_value": 8317.621795, "relative_strength": -0.830216, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.164806, "energy": 26.528042, "activity_lines": [ 9259.133333, 9097.963636, 9147.045238, 9164.547312 ] }, { "date": "2025-05-23", "close": 9262.0, "volume": 880, "typical_volume": 7164.75, "trend": 9166.183333, "fair_value": 8329.727564, "relative_strength": -2.214574, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 14.129323, "energy": 24.895715, "activity_lines": [ 9285.033333, 9131.663636, 9153.738095, 9171.947312 ] }, { "date": "2025-05-30", "close": 9424.5, "volume": 5048, "typical_volume": 5185.25, "trend": 9185.716667, "fair_value": 8342.775641, "relative_strength": -1.106795, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.610435, "energy": 32.969891, "activity_lines": [ 9341.466667, 9195.945455, 9175.697619, 9188.612903 ] }, { "date": "2025-06-06", "close": 9385.5, "volume": 319, "typical_volume": 4929.7, "trend": 9198.733333, "fair_value": 8356.871795, "relative_strength": -2.202834, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.816309, "energy": 36.429068, "activity_lines": [ 9362.066667, 9253.636364, 9192.466667, 9201.502151 ] }, { "date": "2025-06-13", "close": 9360.5, "volume": 537, "typical_volume": 4801.6, "trend": 9212.266667, "fair_value": 8372.596154, "relative_strength": -2.554725, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.448897, "energy": 21.873234, "activity_lines": [ 9366.666667, 9302.981818, 9206.266667, 9211.93871 ] }, { "date": "2025-06-20", "close": 9294.0, "volume": 1388, "typical_volume": 4748.4, "trend": 9218.15, "fair_value": 8386.955128, "relative_strength": -2.40743, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.080274, "energy": 18.235672, "activity_lines": [ 9345.3, 9321.8, 9213.6, 9217.211828 ] }, { "date": "2025-06-27", "close": 9526.5, "volume": 90, "typical_volume": 4123.6, "trend": 9229.7, "fair_value": 8402.557692, "relative_strength": -0.201361, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.260168, "energy": 37.835394, "activity_lines": [ 9405.7, 9369.381818, 9243.821429, 9237.105376 ] }, { "date": "2025-07-04", "close": 9448.5, "volume": 1053, "typical_volume": 4133.3, "trend": 9232.55, "fair_value": 8416.676282, "relative_strength": -1.229598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.864186, "energy": 45.80154, "activity_lines": [ 9422.466667, 9391.527273, 9266.228571, 9251.221505 ] }, { "date": "2025-07-11", "close": 9338.5, "volume": 538, "typical_volume": 4160.2, "trend": 9236.0, "fair_value": 8430.416667, "relative_strength": -3.559893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.025248, "energy": 51.262973, "activity_lines": [ 9400.966667, 9387.009091, 9277.771429, 9258.056989 ] }, { "date": "2025-07-18", "close": 9346.0, "volume": 2528, "typical_volume": 4213.4, "trend": 9246.566667, "fair_value": 8443.032051, "relative_strength": -3.910117, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.58828, "energy": 51.727852, "activity_lines": [ 9385.1, 9382.618182, 9290.128571, 9265.153763 ] }, { "date": "2025-07-25", "close": 9774.0, "volume": 100, "typical_volume": 3925.95, "trend": 9266.483333, "fair_value": 8458.044872, "relative_strength": -0.913425, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.954787, "energy": 74.30913, "activity_lines": [ 9512.866667, 9455.272727, 9342.990476, 9299.18172 ] }, { "date": "2025-08-01", "close": 9727.5, "volume": 862, "typical_volume": 3850.0, "trend": 9283.466667, "fair_value": 8472.990385, "relative_strength": -0.901656, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.690827, "energy": 80.254986, "activity_lines": [ 9593.133333, 9511.909091, 9388.816667, 9328.924731 ] }, { "date": "2025-08-08", "close": 10117.0, "volume": 977, "typical_volume": 3479.8, "trend": 9316.883333, "fair_value": 8489.317308, "relative_strength": 2.63743, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.65623, "energy": 94.780225, "activity_lines": [ 9789.833333, 9630.9, 9469.792857, 9382.701075 ] }, { "date": "2025-08-15", "close": 10269.0, "volume": 752, "typical_volume": 3396.35, "trend": 9350.45, "fair_value": 8506.339744, "relative_strength": 3.606456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.316846, "energy": 96.908186, "activity_lines": [ 9992.633333, 9764.936364, 9562.078571, 9444.127957 ] }, { "date": "2025-08-22", "close": 10319.0, "volume": 147, "typical_volume": 3181.8, "trend": 9383.333333, "fair_value": 8524.115385, "relative_strength": 2.040512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.83651, "energy": 95.517909, "activity_lines": [ 10150.066667, 9892.0, 9653.92381, 9506.615054 ] }, { "date": "2025-08-29", "close": 10122.0, "volume": 457, "typical_volume": 2233.2, "trend": 9405.716667, "fair_value": 8541.278846, "relative_strength": 1.535964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.523749, "energy": 88.768992, "activity_lines": [ 10176.966667, 9965.818182, 9717.614286, 9554.270968 ] }, { "date": "2025-09-05", "close": 10231.0, "volume": 2536, "typical_volume": 2249.55, "trend": 9431.9, "fair_value": 8559.291667, "relative_strength": 2.318235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.319363, "energy": 88.963922, "activity_lines": [ 10217.0, 10044.4, 9784.204762, 9607.515054 ] }, { "date": "2025-09-12", "close": 10379.0, "volume": 517, "typical_volume": 1360.5, "trend": 9465.633333, "fair_value": 8578.75, "relative_strength": 2.899824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.75657, "energy": 78.542544, "activity_lines": [ 10272.8, 10137.081818, 9858.588095, 9668.61828 ] }, { "date": "2025-09-19", "close": 10444.0, "volume": 2828, "typical_volume": 1490.65, "trend": 9501.783333, "fair_value": 8597.903846, "relative_strength": 4.220306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.10456, "energy": 71.594788, "activity_lines": [ 10332.8, 10224.663636, 9932.985714, 9731.73871 ] }, { "date": "2025-09-26", "close": 10461.0, "volume": 597, "typical_volume": 1288.9, "trend": 9540.75, "fair_value": 8618.621795, "relative_strength": 3.551136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.923242, "energy": 71.046402, "activity_lines": [ 10386.8, 10295.236364, 10003.414286, 9793.623656 ] }, { "date": "2025-10-03", "close": 10557.0, "volume": 9531, "typical_volume": 1584.25, "trend": 9585.1, "fair_value": 8639.147436, "relative_strength": 2.224127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.891001, "energy": 71.768187, "activity_lines": [ 10463.333333, 10362.990909, 10077.47381, 9859.188172 ] }, { "date": "2025-10-10", "close": 10248.0, "volume": 931, "typical_volume": 1586.8, "trend": 9616.066667, "fair_value": 8659.358974, "relative_strength": -0.065269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.776772, "energy": 64.876985, "activity_lines": [ 10407.866667, 10360.327273, 10116.395238, 9901.955914 ] }, { "date": "2025-10-17", "close": 10552.0, "volume": 811, "typical_volume": 1374.95, "trend": 9652.733333, "fair_value": 8681.445513, "relative_strength": 3.611119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.574455, "energy": 66.750039, "activity_lines": [ 10452.6, 10403.472727, 10179.57381, 9962.33871 ] }, { "date": "2025-10-24", "close": 21747.0, "volume": 5017, "typical_volume": 1609.85, "trend": 10071.75, "fair_value": 8775.823718, "relative_strength": 102.793482, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.422013, "energy": 81.013605, "activity_lines": [ 14217.466667, 12474.163636, 11303.57381, 10742.613978 ] }, { "date": "2025-10-31", "close": 10897.0, "volume": 330, "typical_volume": 1599.5, "trend": 10156.766667, "fair_value": 8799.019231, "relative_strength": 0.795432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.714492, "energy": 56.974266, "activity_lines": [ 13612.133333, 12363.436364, 11335.37619, 10795.855914 ] }, { "date": "2025-11-07", "close": 10804.0, "volume": 45, "typical_volume": 1532.35, "trend": 10231.866667, "fair_value": 8820.089744, "relative_strength": 0.290698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.897971, "energy": 50.99356, "activity_lines": [ 12946.733333, 12225.290909, 11351.004762, 10837.612903 ] }, { "date": "2025-11-14", "close": 11007.0, "volume": 559, "typical_volume": 1555.8, "trend": 10301.85, "fair_value": 8843.134615, "relative_strength": 1.965544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.382223, "energy": 45.013424, "activity_lines": [ 12332.533333, 12111.654545, 11378.77619, 10887.621505 ] }, { "date": "2025-11-21", "close": 10654.0, "volume": 475, "typical_volume": 1526.9, "trend": 10354.25, "fair_value": 8863.096154, "relative_strength": 0.314327, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.698855, "energy": 24.591549, "activity_lines": [ 11550.066667, 11919.727273, 11365.878571, 10910.34086 ] }, { "date": "2025-11-28", "close": 10849.0, "volume": 447, "typical_volume": 1522.35, "trend": 10406.866667, "fair_value": 8885.278846, "relative_strength": 0.235895, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.185745, "energy": 24.067714, "activity_lines": [ 10825.8, 11758.254545, 11365.811905, 10942.260215 ] }, { "date": "2025-12-05", "close": 10823.0, "volume": 236, "typical_volume": 1407.75, "trend": 10457.516667, "fair_value": 8907.525641, "relative_strength": 0.5618, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.808911, "energy": 20.850833, "activity_lines": [ 10819.4, 11584.690909, 11356.07619, 10969.107527 ] }, { "date": "2025-12-12", "close": 10871.0, "volume": 2305, "typical_volume": 1518.0, "trend": 10507.95, "fair_value": 8930.410256, "relative_strength": 1.171693, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.817378, "energy": 18.184853, "activity_lines": [ 10833.933333, 11413.272727, 11343.878571, 10995.783871 ] }, { "date": "2025-12-19", "close": 10835.0, "volume": 91, "typical_volume": 1479.45, "trend": 10560.383333, "fair_value": 8952.282051, "relative_strength": -1.656593, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.683422, "energy": 12.246714, "activity_lines": [ 10832.0, 11229.6, 11323.028571, 11016.883871 ] }, { "date": "2025-12-26", "close": 10771.0, "volume": 36, "typical_volume": 1432.4, "trend": 10605.266667, "fair_value": 8973.673077, "relative_strength": -1.914122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.933926, "energy": 9.054186, "activity_lines": [ 10820.2, 11023.618182, 11290.809524, 11030.472043 ] }, { "date": "2026-01-02", "close": 10808.0, "volume": 208, "typical_volume": 1405.2, "trend": 10652.683333, "fair_value": 8995.564103, "relative_strength": -2.313698, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.4711, "energy": 9.056577, "activity_lines": [ 10812.933333, 10820.381818, 11259.0, 11043.551613 ] }, { "date": "2026-01-09", "close": 11314.0, "volume": 186, "typical_volume": 1407.15, "trend": 10717.8, "fair_value": 9019.448718, "relative_strength": 0.485623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.233115, "energy": 11.275298, "activity_lines": [ 10977.066667, 10908.036364, 11272.814286, 11086.217204 ] }, { "date": "2026-01-16", "close": 11463.0, "volume": 29, "typical_volume": 1385.75, "trend": 10790.1, "fair_value": 9044.166667, "relative_strength": 0.653953, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.332489, "energy": 12.092091, "activity_lines": [ 11158.133333, 11015.2, 11296.080952, 11134.294624 ] }, { "date": "2026-01-23", "close": 11147.0, "volume": 403, "typical_volume": 1279.1, "trend": 10844.116667, "fair_value": 9066.012821, "relative_strength": -1.236218, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.143424, "energy": 15.274665, "activity_lines": [ 11194.4, 11052.927273, 11282.866667, 11157.32043 ] }, { "date": "2026-01-30", "close": 11217.0, "volume": 1863, "typical_volume": 1346.4, "trend": 10903.066667, "fair_value": 9087.560897, "relative_strength": -1.407717, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 32.178409, "energy": 54.282492, "activity_lines": [ 11233.2, 11100.836364, 11271.957143, 11181.377419 ] }, { "date": "2026-02-06", "close": 11723.0, "volume": 603, "typical_volume": 1235.15, "trend": 10982.55, "fair_value": 9112.407051, "relative_strength": 1.507377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.897382, "energy": 65.854845, "activity_lines": [ 11410.933333, 11230.509091, 11305.247619, 11234.276344 ] }, { "date": "2026-02-13", "close": 12316.0, "volume": 2102, "typical_volume": 1310.4, "trend": 11081.55, "fair_value": 9141.695513, "relative_strength": 5.666109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.2787, "energy": 86.841888, "activity_lines": [ 11725.333333, 11452.109091, 11388.92381, 11320.305376 ] }, { "date": "2026-02-20", "close": 12168.0, "volume": 1316, "typical_volume": 899.65, "trend": 11161.35, "fair_value": 9170.766026, "relative_strength": 1.945519, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.025651, "energy": 91.569284, "activity_lines": [ 11923.6, 11619.654545, 11449.671429, 11390.398925 ] }, { "date": "2026-02-27", "close": 12422.0, "volume": 700, "typical_volume": 888.1, "trend": 11251.166667, "fair_value": 9200.310897, "relative_strength": 1.792917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.608392, "energy": 94.929323, "activity_lines": [ 12159.533333, 11809.8, 11526.938095, 11471.731183 ] }, { "date": "2026-03-06", "close": 11585.0, "volume": 200, "typical_volume": 857.55, "trend": 11300.1, "fair_value": 9224.519231, "relative_strength": 0.600779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.396479, "energy": 79.767596, "activity_lines": [ 12031.466667, 11818.909091, 11514.138095, 11493.268817 ] }, { "date": "2026-03-13", "close": 11371.0, "volume": 2928, "typical_volume": 753.1, "trend": 11336.833333, "fair_value": 9249.092949, "relative_strength": -1.079038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.499987, "energy": 36.194204, "activity_lines": [ 11807.533333, 11774.309091, 11476.038095, 11497.843011 ] }, { "date": "2026-03-20", "close": 11117.0, "volume": 203, "typical_volume": 746.75, "trend": 11363.433333, "fair_value": 9271.352564, "relative_strength": 0.007247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 3.192226, "energy": 11.34074, "activity_lines": [ 11522.4, 11673.290909, 11463.157143, 11483.660215 ] }, { "date": "2026-03-27", "close": 11109.0, "volume": 9376, "typical_volume": 1213.3, "trend": 11396.333333, "fair_value": 9292.653846, "relative_strength": -0.650356, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.867916, "energy": 32.07509, "activity_lines": [ 11314.533333, 11574.4, 11448.466667, 11467.245161 ] }, { "date": "2026-04-03", "close": 11629.0, "volume": 6740, "typical_volume": 1522.35, "trend": 11442.933333, "fair_value": 9318.352564, "relative_strength": -0.805393, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -6.280748, "energy": 21.698949, "activity_lines": [ 11350.6, 11576.490909, 11481.847619, 11482.255914 ] }, { "date": "2026-04-10", "close": 11815.0, "volume": 1464, "typical_volume": 1571.8, "trend": 11490.8, "fair_value": 9344.596154, "relative_strength": -0.849318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.03294, "energy": 21.454981, "activity_lines": [ 11501.533333, 11603.636364, 11529.980952, 11506.260215 ] }, { "date": "2026-04-17", "close": 12008.0, "volume": 1572, "typical_volume": 1628.05, "trend": 11542.933333, "fair_value": 9371.759615, "relative_strength": 0.052079, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.831732, "energy": 20.321018, "activity_lines": [ 11701.466667, 11655.0, 11590.966667, 11539.627957 ] }, { "date": "2026-04-24", "close": 11538.0, "volume": 1732, "typical_volume": 1702.85, "trend": 11578.833333, "fair_value": 9396.641026, "relative_strength": -1.246543, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.501399, "energy": 19.859755, "activity_lines": [ 11702.266667, 11615.727273, 11601.671429, 11539.309677 ] }, { "date": "2026-05-01", "close": 11626.0, "volume": 398, "typical_volume": 1607.5, "trend": 11614.466667, "fair_value": 9421.75641, "relative_strength": -0.421186, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.783761, "energy": 15.531565, "activity_lines": [ 11704.333333, 11606.6, 11617.352381, 11542.352688 ] }, { "date": "2026-05-08", "close": 12078.0, "volume": 2509, "typical_volume": 1728.4, "trend": 11675.466667, "fair_value": 9448.413462, "relative_strength": 4.606929, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 35.633098, "energy": 39.001016, "activity_lines": [ 11822.6, 11689.509091, 11672.485714, 11572.258065 ] }, { "date": "2026-05-15", "close": 12295.0, "volume": 10535, "typical_volume": 2253.35, "trend": 11733.566667, "fair_value": 9476.089744, "relative_strength": 6.646723, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.462745, "energy": 49.377851, "activity_lines": [ 11983.266667, 11818.127273, 11742.366667, 11612.227957 ] }, { "date": "2026-05-22", "close": 12223.0, "volume": 3711, "typical_volume": 2428.5, "trend": 11416.1, "fair_value": 9503.365385, "relative_strength": 3.093149, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.462463, "energy": 64.720216, "activity_lines": [ 12087.933333, 11920.745455, 11798.133333, 11643.804301 ] }, { "date": "2026-05-29", "close": 12341.0, "volume": 1465, "typical_volume": 2492.45, "trend": 11464.233333, "fair_value": 9530.717949, "relative_strength": 4.461112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.917389, "energy": 71.931574, "activity_lines": [ 12217.6, 12029.327273, 11858.4, 11703.475269 ] }, { "date": "2026-06-05", "close": 12333.0, "volume": 0, "typical_volume": 2491.0, "trend": 11515.2, "fair_value": 9557.913462, "relative_strength": 4.582194, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.466477, "energy": 76.478519, "activity_lines": [ 12291.066667, 12114.2, 11913.014286, 11759.524731 ] }, { "date": "2026-06-12", "close": 12283.0, "volume": 305, "typical_volume": 2486.1, "trend": 11557.733333, "fair_value": 9584.830128, "relative_strength": 2.926969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.996472, "energy": 71.579053, "activity_lines": [ 12300.733333, 12167.727273, 11958.72381, 11809.060215 ] }, { "date": "2026-06-19", "close": 12841.0, "volume": 94, "typical_volume": 2397.65, "trend": 11630.633333, "fair_value": 9616.875, "relative_strength": 8.399249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.917591, "energy": 83.514645, "activity_lines": [ 12482.733333, 12310.818182, 12052.166667, 11891.851613 ] }, { "date": "2026-06-26", "close": 12584.0, "volume": 3346, "typical_volume": 2534.8, "trend": 11688.466667, "fair_value": 9646.410256, "relative_strength": 4.564831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.311672, "energy": 76.165957, "activity_lines": [ 12542.666667, 12388.527273, 12113.4, 11953.35914 ] }, { "date": "2026-07-03", "close": 12692.0, "volume": 0, "typical_volume": 2429.7, "trend": 11750.766667, "fair_value": 9677.387821, "relative_strength": 3.568999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.890306, "energy": 82.173119, "activity_lines": [ 12614.533333, 12475.4, 12180.819048, 12018.103226 ] }, { "date": "2026-07-10", "close": 12639.0, "volume": 15026, "typical_volume": 3115.2, "trend": 11809.7, "fair_value": 9708.301282, "relative_strength": 4.641886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.206851, "energy": 78.190914, "activity_lines": [ 12645.333333, 12531.654545, 12241.4, 12075.408602 ] }, { "date": "2026-07-17", "close": 12121.0, "volume": 13967, "typical_volume": 3778.55, "trend": 11852.566667, "fair_value": 9734.871795, "relative_strength": -0.795417, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.766308, "energy": 43.273701, "activity_lines": [ 12483.066667, 12475.309091, 12250.404762, 12095.492473 ] }, { "date": "2026-07-24", "close": 12436.0, "volume": 2606, "typical_volume": 3898.85, "trend": 11908.066667, "fair_value": 9762.179487, "relative_strength": 0.350205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.52543, "energy": 33.518918, "activity_lines": [ 12436.6, 12475.454545, 12290.842857, 12133.133333 ] }, { "date": "2026-07-31", "close": 12356.0, "volume": 11203, "typical_volume": 4312.6, "trend": 11959.666667, "fair_value": 9790.205128, "relative_strength": -1.61071, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.97243, "energy": 22.803536, "activity_lines": [ 12390.466667, 12458.490909, 12319.609524, 12162.032258 ] }, { "date": "2026-08-07", "close": 12956.0, "volume": 10726, "typical_volume": 4838.75, "trend": 12014.4, "fair_value": 9822.282051, "relative_strength": 2.7244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.317501, "energy": 40.533615, "activity_lines": [ 12559.533333, 12548.2, 12400.828571, 12226.311828 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }